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DiNapoli: Local Sales Tax Collections Grew 12.7% to $22.1 Billion in 2022
… in New York state totaled $22.1 billion in calendar year 2022, up 12.7%, or $2.5 billion, from 2021 due to strong … in New York City, according to a report released today by State Comptroller Thomas P. DiNapoli. “The pandemic … sales were being fully taxed.” Local sales tax growth in 2022’s fourth quarter (October to December) increased by 8.8% …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-127-221-billion-2022DiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… and decides which capital projects to cancel or delay, it must prioritize keeping the system in a state of good repair and it must be transparent about how the choices it makes will impact riders, according to a report released … and decides which capital projects to cancel or delay it must prioritize keeping the system in a state of good …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingDiNapoli: Hate Crimes Surged in New York Over the Last Five Years
… New York state has seen a surge in hate crimes over the last five years with 1,089 reported instances in 2023, marking the highest number since data collection and … New York state has seen a surge in hate crimes over the last five years with 1089 reported instances in 2023 …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-hate-crimes-surged-new-york-over-last-five-yearsNew York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to transfer to FY 2021 to … P. DiNapoli. “New York City’s economy has been strong in recent years, generating resources to expand municipal … a surplus of more than $27 billion for fiscal year FY 2020 up from $550 million in November 2019 …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… Local sales tax collections in May increased by 57.8 percent over … May of last year. “For the second straight month, local sales tax collections had a tremendous boost. Strong … federal assistance and restored state aid, the recovery of sales taxes will help New York’s local governments rebound …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayDiNapoli: State Missed Out on Over $180 Million in Medicaid Drug Rebates
… costs and save taxpayers money by making sure it gets the drug rebates that it is entitled to under federal … shows that it can certainly do a lot more.” The Medicaid Drug Rebate Program (MDRP) was created in 1990 to lower … Medicaid Administration — that sends rebate invoices to drug manufacturers. Although DOH made notable improvements …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-state-missed-out-over-180-million-medicaid-drug-rebatesDiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… project value of nearly $2.8 billion. The number of “clean energy” projects, increased from 25 to 85. Some of the … IDAs to reclassify existing projects, but 34 of the 60 new clean energy projects were approved in 2021. North Country …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billionLocal Sales Tax Collections Increased by 3% in July Compared to Last Year
… $777 million, an increase of 0.2%, or $1.4 million. County and city collections in the rest of the state totaled $935 … Table Monthly Local Sales Tax Collections by County and Region …
https://www.osc.ny.gov/press/releases/2023/08/local-sales-tax-collections-increased-3-july-compared-last-yearDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… has remained significantly high over the last decade. In Brooklyn and Queens, a greater share of moderate- and … on Staten Island and 8% of middle-income households in Brooklyn also fell behind. As of October 2023, 18% of city …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli: Audit Recommends Labor Department Step Up Investigations of Violations in NYC
… Thomas P. DiNapoli. “Labor law violations, such as wage theft, minimum wage infractions and child labor offenses, are a significant …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-audit-recommends-labor-department-step-investigations-violations-nycDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… DiNapoli and New York State Education Commissioner Betty A. Rosa. The full op-ed is below: We should be teaching … literacy should be taught in all New York schools. When students take a financial literacy course, they learn … that investing in financial literacy will pay dividends for our young people later in life. Recently, the state …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… investment returns consistent with the risk of private equity by making investments that meet fiduciary standards. As partners of the Fund, 18 private equity managers invest in companies in need of capital for …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli: Homeless Families, Adults Living in Squalid Shelters Due to Oversight Failure
… shelters had inadequate night shift coverage (one staff vs. three required at one location, and two staff vs. four required at the other). Nearly half (22) of the 47 …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-homeless-families-adults-living-squalid-shelters-due-oversight-failureDiNapoli and Diaz Help Bronx Residents Claim $245 Million in Lost Money
… President Ruben Diaz Jr. will help raise awareness about unclaimed funds across the borough. It’s your money, come and get it. … Bronx residents to make the effort to track down their unclaimed money from the more than $244 million in unclaimed …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-and-diaz-help-bronx-residents-claim-245-million-lost-moneyState Pension Fund Adds $30 Million for Investments in New York Companies
… Retirement Fund has committed an additional $30 million to Primary Venture Partners to invest in state-based companies, … This is the state pension fund’s third commitment to Primary Venture Partners. "This new commitment to Primary Venture Partners for state-based investments will …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… states, including Utah, Rhode Island, Tennessee, Ohio, and West Virginia, require students take a personal finance class … a personal finance class. For example, Mott Hall V, a South Bronx high school, is offering personal finance taught …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsDiNapoli: State Medicaid Program Made More Than $100 Million in Duplicate Payments
… the case. From Jan. 2014 to June 2018, DOH inappropriately made $102.1 million in Medicaid payments for managed care … there was a backlog of cases needing review; Medicaid made duplicate managed care premium payments for many months …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-state-medicaid-program-made-more-100-million-duplicate-paymentsDiNapoli: L.I.C., Sunnyside and Woodside Are Drivers of Economic Growth in Queens
… balance that inspirational growth with responsible development that keeps people in their communities.” Senate … leading in young households at (10.7%). Residents of the area were more likely to have a high school diploma (87.1%) … Nutritional Assistance Program (SNAP). Housing This area of Queens, particularly L.I.C.-Hunters Point, has …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-lic-sunnyside-and-woodside-are-drivers-economic-growth-queensDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… the industries that were most affected, and the areas, Brooklyn and the Bronx, that saw the highest increases. … neighborhoods seeing particularly dramatic increases. In Brooklyn, Bedford Stuyvesant had 35% more businesses, … in the Workforce Recent Trends and Impact of COVID-19 in Brooklyn New York City Industry Sector Dashboards New York …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityState Fiscal Year 2009-2010 Executive Budget Preliminary Overview, December 2008
The Executive Budget recommends $9.5 billion in spending reductions, $3.1 billion in new and higher taxes and fees, and $1.1 billion in nonrecurring resources.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-executive-preliminary-2009-10.pdf